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Article Date: July 2018
Word Count: 287

Vista Outdoor Sells Eyewear Business for $158 Million


An unidentified European private equity fund will take over the Bollé, Cébé and Serengeti eyewear brands as part of VSTO’s previously announced plan to restructure its business with a focus on ammunition and a few key outdoor assets such as Camelbak, Bushnell and Camp Chef. Still on the divestiture list are its firearms business (Savage and Stevens), its protective business (Bell, Giro and Blackburn) and the Jimmy Styks paddle board brand. VSTO said the transaction represented a premium on the EBITDA results from last year and that proceeds would be used to pay down some of its $883 million in ... Log in to view full article.

 


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